Bankwell Financial Group (NASDAQ:BWFG)‘s stock had its “buy” rating restated by research analysts at Keefe, Bruyette & Woods in a note issued to investors on Tuesday. They presently have a $41.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 30.99% from the company’s current price.
A number of other research firms have also weighed in on BWFG. BidaskClub raised shares of Bankwell Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 16th. ValuEngine lowered shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th.
Bankwell Financial Group (NASDAQ BWFG) opened at $31.30 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39. Bankwell Financial Group has a 12-month low of $29.90 and a 12-month high of $38.50. The firm has a market cap of $249.94, a PE ratio of 17.49 and a beta of 0.42.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of Bankwell Financial Group by 61.4% during the fourth quarter. Millennium Management LLC now owns 19,794 shares of the bank’s stock valued at $680,000 after purchasing an additional 7,528 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Bankwell Financial Group during the fourth quarter worth about $269,000. Deutsche Bank AG increased its holdings in Bankwell Financial Group by 24.6% during the fourth quarter. Deutsche Bank AG now owns 32,571 shares of the bank’s stock worth $1,117,000 after buying an additional 6,438 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Bankwell Financial Group by 3.3% during the fourth quarter. Renaissance Technologies LLC now owns 163,700 shares of the bank’s stock worth $5,621,000 after buying an additional 5,300 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Bankwell Financial Group by 14.9% during the fourth quarter. Bank of New York Mellon Corp now owns 35,881 shares of the bank’s stock worth $1,232,000 after buying an additional 4,653 shares during the last quarter. 50.11% of the stock is currently owned by institutional investors.
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Bankwell Financial Group Company Profile
Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.
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